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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on sale of real estate

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

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Earnings data Q1 2023

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Innovative Industrial Properties (IIPR) reports robust 2022 performance amidst industry challenges

Innovative Industrial Properties (IIPR) navigated challenges in the regulated cannabis industry while reporting strong financial performance in 2022. The company remains focused on re-leasing properties, collecting rents, and strategically deploying capital. Despite market dynamics and tenant issues, IIPR is optimistic about long-term industry growth.

Innovative Industrial Properties reports strong Q1 performance amidst industry challenges

IIPR's Q1 performance reflects resilience amidst challenges in the cannabis industry.
Maintaining strong credit metrics and cautious approach to tenant struggles and regulatory changes.
Opportunities in state-specific programs and potential federal legislation support growth outlook.
Focus on strong tenants and industry growth while ensuring shareholder compensation.

Innovative Industrial Properties reports robust Q2 performance amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial results, showcasing resilience and growth potential amidst industry challenges and economic uncertainties.
The company's strategic focus on tenant monitoring, market adaptability, and team quality positions it well for future growth and expansion.
Despite facing tenant defaults and market uncertainties, IIPR remains optimistic about the cannabis industry, emphasizing financial stability, and growth opportunities in new states.

Innovative Industrial Properties (IIPR) reports robust Q3 earnings amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial performance in Q3 2023, supported by robust revenues and diligent rent collection.
Despite facing challenges in the regulated cannabis industry and market dynamics, IIPR's proactive approach and strong balance sheet position it for long-term success.
Opportunities in addressing industry challenges and leveraging growth prospects underscore IIPR's strategic resilience and commitment to value creation.
Management's optimism and strategic focus on operational efficiency and market opportunities bode well for IIPR's future performance and shareholder value.

Innovative Industrial Properties reports strong Q4 performance and growth outlook

Innovative Industrial Properties (IIPR) delivered robust financial results, showcasing growth, profitability, and operational efficiency in Q4 2023.
Despite challenges in revenue timing uncertainties and market dynamics, IIP's strengths in financial stability, diversified portfolio, and product quality position it well for future growth.
Opportunities lie in expanding the property portfolio, leveraging indoor product advantages, and exploring growth avenues in tenant operations and industry trends for sustained success.

Innovative Industrial Properties reports stable Q1 performance amidst industry challenges

Innovative Industrial Properties delivered stable financial performance in Q1, focusing on operational expansion and maintaining a strong balance sheet.
The company faces challenges from market dynamics and regulatory uncertainties but is well-positioned to capitalize on growth opportunities.
With a strategic approach to leasing, investments, and portfolio management, the company navigates industry challenges while seeking operational efficiencies.
Analyst inquiries highlighted the company's resilience, potential impacts of legislative changes, and the importance of addressing market dynamics.

Innovative Industrial Properties reports robust Q2 earnings amidst market expansion

Innovative Industrial Properties (IIPR) delivered a strong Q2 performance with solid financial results and strategic growth initiatives.
Despite regulatory uncertainties, IIPR's financial stability, diversified portfolio, and growth prospects position it well for future success.
The company's focus on market expansion, operational efficiency, and prudent investments underscores its resilience and potential for sustained growth.

Innovative Industrial Properties (IIPR) excels in Q3 amidst industry challenges

Innovative Industrial Properties (IIPR) delivers a solid Q3 performance, showcasing financial stability and strategic positioning in a challenging industry. The company's strong liquidity, low leverage, and diversified portfolio set a solid foundation for future growth and investment opportunities amidst evolving market dynamics.

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Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold, Gary A. Kreitzer and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

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As August 2023 continues, cannabis investors are looking to Cannabis Real Estate Investment Trusts (REITs) as a new path for growth. Notably, dividend-paying marijuana stock companies are still limited, making the rise of cannabis-focused REITs all the more intriguing. These REITs provide a unique opportunity by capitalizing on the cannabis industry's rise while paying out uncommon dividends in this volatile sector.

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The way things look on Capitol Hill, it will be years before the Federal Government legalizes cannabis, but it may not matter. Recent comments from the US Secretary for the Department of Health and Human Services (HHS), Xavier Becerra, suggest that marijuana could be rescheduled or de-scheduled as early as this year.

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In the ever-fluctuating realm of the stock market, savvy investors have turned their attention toward high-yield dividend stocks. Dividend payments can be a stable source of income even when market storms loom large.

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W. P. Carey

Industrial net-lease REIT Innovative Industrial Properties has a huge 9.2% dividend yield.  W.P. Carey, with a heavy focus on industrial properties, has a 6.4% yield.

Better Buy: Innovative Industrial Properties or W.P. Carey?

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The cannabis realm has piqued investor interest and is well on its way to carving an indelible spot in the investment landscape. As the industry flourishes, the best cannabis stocks to buy have emerged not by chasing mere profits but by committing to sustainable trajectories.

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Power REIT

There are a multitude of reasons to find top marijuana stocks to buy. Even though the sector is in a volatile state there is still an opportunity to be found. The cannabis industry as a whole is still developing and as more progress occurs so does the chance to invest. You want to learn as much as you can and create a plan that gives you the best odds of seeing profits.

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Innovative Industrial Properties is offering investors a huge 9.1% dividend yield. The REIT continues to grow cash flow even as the marijuana sector consolidates.

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Being the No. 1 cannabis REIT has positioned the company for solid growth.

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Innovative Industrial Properties delivers a solid dividend. Green Thumb Industries returned to profitability in the last quarter.

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Dividend stocks have proved to be superior investments over the past 100 years. There has never been a decade when income stocks on the S&P 500 did not generate positive returns, even while non-dividend stocks were posting negative returns.

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Innovative Industrial just declared a quarterly cash dividend of $1.80 per share, maintaining a distribution that has been questioned by bears. This formed an 80% payout ratio against fiscal 2023 second quarter adjusted funds from operations. A fortress balance sheet heavy on equity and with a significant cash position has materially improved the REIT's investment pitch.

Innovative Industrial REIT Prevails Over Bears As Cannabis No Longer A Clear Sell

Innovative Industrial Properties, Inc. (NYSE:IIPR ) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Brian Wolfe - VP, General Counsel & Company Secretary Alan Gold - Executive Chairman Paul Smithers - President, CEO & Director Ben Regin - CIO Catherine Hastings - COO David Smith - CFO & Treasurer Conference Call Participants William Catherwood - BTIG Eric Des Lauriers - Craig-Hallum Alexander Goldfarb - Piper Sandler & Co. Andrew Rosivach - Wolfe Research Scott Fortune - ROTH MKM Partners Operator Good day, and welcome to the Innovative Industrial Properties, Inc. Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

Innovative Industrial Properties, Inc. (IIPR) Q2 2023 Earnings Call Transcript

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2.26 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to FFO of $2.14 per share a year ago.

Innovative Industrial Properties (IIPR) Q2 FFO and Revenues Top Estimates

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results Generated total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year's quarter. Recorded net income attributable to common stockholders.

Innovative Industrial Properties Reports Second Quarter 2023 Results

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Cannabis stocks are down in 2023 due to plateauing demand, rising production costs, fierce competition and stalled legalization efforts at the federal level. Yet, with shares of many top cannabis producers and retailers down by double-digit percentages, it may be time for investors who are bullish on the sector long term to pounce on some cheap cannabis investments.

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Marijuana stock investors are looking for the next best investment. But when will that come is the question they are left with. For some time the trading average of the cannabis sector has dropped drastically. Even with days of better trading, the consistency in which the sector stays up is not there. Meaning that when recovery is happening for marijuana stock it is so short of a window that it becomes tough to see any upside.

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I'm never going to promise a perfect portfolio. That's just not going to happen when there are too many short-term factors that are far out of my control.

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For contrarians seeking significant upside for the second half of this year, the best sleeper stocks may represent an avenue to explore. According to Cambridge University, a sleeper stock is a publicly traded asset that's currently not performing well.

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The cannabis industry and top marijuana stocks have undergone a remarkable transition in recent years, transitioning from a taboo subject to a lucrative and quickly increasing market. As of 2023, the legalization movement is gaining traction in various regions, propelling cannabis-related enterprises to unprecedented heights. In general, Cannabis Real Estate Investment Trusts (REITs) are among this sector's most appealing investment opportunities, providing a unique avenue for investors to gain on the industry's growth.

Cannabis REITs: Top Dividend Performers to Watch in 2023

Innovative Industrial Properties operates in the thriving cannabis industry, with a strong presence in legalized states. It expects significant growth with an 11% CAGR and promising dividend growth. The cannabis REIT maintains a stable and adaptable financial position, experiencing solid growth with a diverse portfolio in the cannabis industry. IIPR demonstrates strong growth potential with above-average AFFO growth and an attractively priced stock, making it appealing for both growth- and income-focused investors.

Innovative Industrial: A Cannabis REIT Rising Star

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Healthpeak Properties saw revenue and adjusted funds from operations rise in the first quarter. Innovative Industrial Properties' first-quarter revenue was up 18%, and AFFO per share was up 10%.

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Too many investors look for the quick buck and buy risky investments like penny stocks. Slow and steady investing is the better strategy.

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The cannabis industry is experiencing a meteoric rise, with legal sales projected to reach an astonishing $71 billion by 2030. As legalization spreads, so do the opportunities for investors seeking lucrative returns.

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Investing in dividend growth stocks can provide steady cash flows to investors, no matter what the market decides it's going to do for the day. This month, we have a few familiar names that popped up once again; however, we also have a new name to make the list this month as well. The names that we will be looking at for a quick update are IIPR, RMR, BNS, BCE and JHG.

News for Innovative Industrial Properties Stock (IIPR)